Federal National Mortgage Association (OTCMKTS:FNMA) Sets New 12-Month High – Time to Buy?

Federal National Mortgage Association (OTCMKTS:FNMAGet Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $2.40 and last traded at $2.16, with a volume of 31924736 shares changing hands. The stock had previously closed at $2.07.

Federal National Mortgage Association Stock Up 4.3 %

The business has a fifty day moving average of $1.32 and a 200 day moving average of $1.37.

Federal National Mortgage Association (OTCMKTS:FNMAGet Free Report) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $38.14 billion during the quarter, compared to the consensus estimate of $7.17 billion. Federal National Mortgage Association had a negative return on equity of 30.10% and a net margin of 11.22%.

About Federal National Mortgage Association

(Get Free Report)

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.

Recommended Stories

Receive News & Ratings for Federal National Mortgage Association Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal National Mortgage Association and related companies with MarketBeat.com's FREE daily email newsletter.